Rule, what rule? : Argentina and its monetary policy rule

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The choice of a control variable for monetary policy characterizes the welfare (loss) function that a central bank will want to maximize (minimize). Even, it gives rise to the proposal of following a rule versus applying -in a discretionally way- a monetary policy. When discussing the application o...

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Autores principales: Neder, Ángel Enrique, Farías, Juan Martín
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2018
Materias:
Ciencias Económicas
rule
fiscal deficit
real exchange rate
interest rate
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/165413
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-165413
record_format dspace
spelling I19-R120-10915-1654132024-04-29T20:02:09Z http://sedici.unlp.edu.ar/handle/10915/165413 Rule, what rule? : Argentina and its monetary policy rule Neder, Ángel Enrique Farías, Juan Martín 2018-11 2018 2024-04-29T13:34:08Z en Ciencias Económicas rule fiscal deficit real exchange rate interest rate The choice of a control variable for monetary policy characterizes the welfare (loss) function that a central bank will want to maximize (minimize). Even, it gives rise to the proposal of following a rule versus applying -in a discretionally way- a monetary policy. When discussing the application of a rule, its manifestation may not be completely explicit. In this paper we try to establish a monetary policy rule for Argentina, working with an extended Taylor Rule, contemplating the influence of the exchange rate and the fiscal deficit during the last thirteen years. La elección de una variable de control para la política monetaria caracteriza a la función de bienestar (pérdida) que un banco central desea maximizar (minimizar). Inclusive, da lugar a la propuesta de seguir una regla vs. aplicar -de manera discrecional- una política monetaria. Cuando se discute la aplicación de una regla, su manifestación puede que no sea completamente explícita. En este trabajo tratamos de establecer una regla de política monetaria para Argentina, operando con una Regla de Taylor ampliada, que tiene en cuenta la influencia del tipo de cambio y del déficit fiscal para los últimos trece años. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
rule
fiscal deficit
real exchange rate
interest rate
spellingShingle Ciencias Económicas
rule
fiscal deficit
real exchange rate
interest rate
Neder, Ángel Enrique
Farías, Juan Martín
Rule, what rule? : Argentina and its monetary policy rule
topic_facet Ciencias Económicas
rule
fiscal deficit
real exchange rate
interest rate
description The choice of a control variable for monetary policy characterizes the welfare (loss) function that a central bank will want to maximize (minimize). Even, it gives rise to the proposal of following a rule versus applying -in a discretionally way- a monetary policy. When discussing the application of a rule, its manifestation may not be completely explicit. In this paper we try to establish a monetary policy rule for Argentina, working with an extended Taylor Rule, contemplating the influence of the exchange rate and the fiscal deficit during the last thirteen years.
format Objeto de conferencia
Objeto de conferencia
author Neder, Ángel Enrique
Farías, Juan Martín
author_facet Neder, Ángel Enrique
Farías, Juan Martín
author_sort Neder, Ángel Enrique
title Rule, what rule? : Argentina and its monetary policy rule
title_short Rule, what rule? : Argentina and its monetary policy rule
title_full Rule, what rule? : Argentina and its monetary policy rule
title_fullStr Rule, what rule? : Argentina and its monetary policy rule
title_full_unstemmed Rule, what rule? : Argentina and its monetary policy rule
title_sort rule, what rule? : argentina and its monetary policy rule
publishDate 2018
url http://sedici.unlp.edu.ar/handle/10915/165413
work_keys_str_mv AT nederangelenrique rulewhatruleargentinaanditsmonetarypolicyrule
AT fariasjuanmartin rulewhatruleargentinaanditsmonetarypolicyrule
_version_ 1807222865366351872

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